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Japan stocks jump more than 1% as other major markets close for Good Friday


Electronic displays reflect the current stock market trends as the financial world reacts to the COVID-19 pandemic in Tokyo on March 16, 2020 in Tokyo, Japan.

Clive Rose | Getty Images

SINGAPORE – Shares in Japan jumped in Friday morning trade after the S&P 500 surged to a record close overnight on Wall Street.

The Nikkei 225 jumped 1.21% in morning trade as shares of conglomerate Softbank Group surged more than 3%. The Topix index rose 0.62%.

In South Korea, the Kospi advanced 0.92%.

Mainland Chinese stocks also edged higher, with the Shanghai composite trading above the flatline while the Shenzhen component gained 0.369%.

Major regional markets in Asia-Pacific such as Australia, Hong Kong, India and Singapore are closed for Good Friday. Elsewhere, markets in the U.S. and UK will also be closed for Good Friday.

Overnight stateside, the S&P 500 crossed the 4,000 threshold for the first time and jumped 1.18% to a fresh record close of 4,019.87. The tech-heavy Nasdaq Composite also surged 1.76% to end its trading day at 13,480.11 while the Dow Jones Industrial Average rose 171.66 points to close at 33,153.21.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.921 – off levels above 93.3 seen earlier in the week.

The Japanese yen traded at 110.64 per dollar, weakening from levels below 109.8 against the greenback earlier in the week. The Australian dollar changed hands at $0.7628, following a bounce yesterday from below $0.756.

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